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Tortilla Mexican Grill Ltd. ( (GB:MEX) ) just unveiled an update.
Tortilla Mexican Grill plc has announced a new £12.5 million financing arrangement with Santander UK plc, replacing its existing £10 million facility. This refinancing aims to support the company’s growth initiatives in the UK and Europe, particularly in France, where it plans to refurbish and rebrand sites under the Tortilla brand. Additionally, Maria Denny, the Chief Financial Officer, will step down, with Josie Whelan appointed as interim CFO. These changes are part of Tortilla’s strategy to strengthen its market position and expand its operations.
More about Tortilla Mexican Grill Ltd.
Tortilla Mexican Grill plc, founded in 2007, is Europe’s largest fast-casual Mexican restaurant brand, offering authentic California-style burritos, tacos, and salads. With 81 locations in the UK, 27 in France, and 12 in the Middle East, the company serves over 7 million meals annually. Tortilla emphasizes sustainability, using recycled packaging and renewable electricity, and is listed on the London Stock Exchange.
Average Trading Volume: 48,058
Technical Sentiment Signal: Sell
Current Market Cap: £16.05M
Learn more about MEX stock on TipRanks’ Stock Analysis page.